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and federal government also. but he also said that they would have to meet his goals and ideas. leader harry reid, he was more concerned that they were going to be able to reach some kind of an agreement avoid going off the fiscal cliff. gerri: how concerned are you? what would it mean if we read right over the edge? you believe that there will be some agreements by decembee 31? >> it is hard to tell. the house, the senate, the republicans, it's very tough negotiitions up there. i will tell you that i did meet with my finance officer this morning. my budget director. we talked about comparing my state budget. we have to make our decisions within the next month. the state of oklahoma, it will cost to $700 million in so many things. if we got the fiscal cliff. gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state
and federal government also. but he also said that they would have to meet his goals and ideas. leader harry reid, he was more concerned that they were going to be able to reach some kind of an agreement avoid going off the fiscal cliff. gerri: how concerned are you? what would it mean if we read right over the edge? you believe that there will be some agreements by decembee 31? >> it is hard to tell. the house, the senate, the republicans, it's very tough negotiitions up there. i will...
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maybe the government is simply making a peace savings. i do know seniors cannot save $5 billion without someone paying the price. melissa: thank you. be sure to watch the tom sullivan show this weekend. have all wonderful weekend. happy friday, everyone. we will see you back here on monday. ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the best one? we have you covered. "welcome to "the willis report." hello, everybody. i'm gerri willis. tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a way through this regardless of congress and the president. small-business owners in this country are preparing to hire. join me now, chief u.s. economist for i may just pull one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who
maybe the government is simply making a peace savings. i do know seniors cannot save $5 billion without someone paying the price. melissa: thank you. be sure to watch the tom sullivan show this weekend. have all wonderful weekend. happy friday, everyone. we will see you back here on monday. ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone,...
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we are looking at what may be a federal government disaster. guess what, the governments are in no better shape. that's tonight's "chalk talk." triple digit gains on wall street today. the dow jones industrial rally after the speaker of the house speaks. will a drawn-out fiscal clip negotiation chan in the streets direction? wall street veteran and bedford of adviser ceo joins us next. before copd... took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or h
we are looking at what may be a federal government disaster. guess what, the governments are in no better shape. that's tonight's "chalk talk." triple digit gains on wall street today. the dow jones industrial rally after the speaker of the house speaks. will a drawn-out fiscal clip negotiation chan in the streets direction? wall street veteran and bedford of adviser ceo joins us next. before copd... took my son fishing every year. we had a great spot, not easy to find, but worth it....
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Nov 29, 2012
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we are looking at what may be a federal government disaster. guess what, the governments are in no better shape. that's tonight's "chalk talk." triple digit gains on wall street today. the dow jones industrial rally after the speaker of the house speaks. will a drawn-out fiscal clip negotiation change in the streets direction? wall street veteran and bedford of adviser ceo joins us next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes report these signs and sptoms to youdoctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or bast cancer. serious side effects could include creased ris
we are looking at what may be a federal government disaster. guess what, the governments are in no better shape. that's tonight's "chalk talk." triple digit gains on wall street today. the dow jones industrial rally after the speaker of the house speaks. will a drawn-out fiscal clip negotiation change in the streets direction? wall street veteran and bedford of adviser ceo joins us next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment...
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to force government to shrink itself. this is the only way they will do that in my opinion, to have strict term limits for politicians in the future, single term limits so that politics is a duty and no longer a career by buying votes with voters money in perpetuity and that is what the fiscal cliff is all about. is sucking money in a huge transfer from the private sector to big government and big government is totally destructive to the economy and the morale of the nation. dennis: i think the notion that the congress will introduce term limits is on display in a redesign of fantasyland. let's say we do go over the cliff and instead marginal rates go up on their ridge. this doesn't have to be a devastating blow to the economy. doesn't capital at some point find a way to make money? >> all i can tell you is when i came into parliament with margaret thatcher as prime minister the top rate of tax was 92% on the ridge and england was dealing its way into the ocean. margaret thatcher dropped it in the first month to sixty% an
to force government to shrink itself. this is the only way they will do that in my opinion, to have strict term limits for politicians in the future, single term limits so that politics is a duty and no longer a career by buying votes with voters money in perpetuity and that is what the fiscal cliff is all about. is sucking money in a huge transfer from the private sector to big government and big government is totally destructive to the economy and the morale of the nation. dennis: i think the...
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it may be beautiful but why california's government is getting an f. your "west coast minute" coming up. dennis: a cool new app that could help you take care of the christmas pictures you're about to take. cheryl: i look at the winners on the nasdaq. little upgrade over there. we will be right back. dennis: breaking news, take a look but don't blink, these are the pictures of mitt romney arriving at the white house moments ago. but he is about to have an awkward meeting with president obama. no press coverage at all, the president says he wants romney's input on the fiscal cliff. some think he might propose a republican compromise of sorts. we shall see. cheryl: it is time for your "west coast minute." an update to a story we brought you last week. the union walkout shut down most of los angeles and long beach ports yesterday. they handle 40% of the nations import trade. they handle the paperwork for the incoming and outgoing vessels, and job workers refused to cross picket lines in a sign of solidarity. if a deal in fiscal cliff is not reached, one in
it may be beautiful but why california's government is getting an f. your "west coast minute" coming up. dennis: a cool new app that could help you take care of the christmas pictures you're about to take. cheryl: i look at the winners on the nasdaq. little upgrade over there. we will be right back. dennis: breaking news, take a look but don't blink, these are the pictures of mitt romney arriving at the white house moments ago. but he is about to have an awkward meeting with president...
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melissa: we're looking at giant government overreach? >> we're suffering today what they did magnified many times. i don't think they could imagine all the debt we have today. i will give you one number. woodrow wilson borrowed $100 million to finance world war i. we're still paying interest on the debt. it has not been paid back. that's when it began. melissa: tell me about the health care law. arizona is one of the states kicking it back to the feds. >> when congress enacted the law and president obama signed it said to the state it will raise taxes yourrown taxes and establish an insurance exchange for people that can't or won't get insurance elsewhere. and if you don't do so, we will do so for you and take the cost of it from what we owe you for other obligations we have to you, medicare, medicaid, et cetera. supreme court says that is coercive and you can't do that to the states. you can tell them to set up exchanges and they can tell you to go take a hike and pay for it yourself. that is basically what is happening. melissa: why wo
melissa: we're looking at giant government overreach? >> we're suffering today what they did magnified many times. i don't think they could imagine all the debt we have today. i will give you one number. woodrow wilson borrowed $100 million to finance world war i. we're still paying interest on the debt. it has not been paid back. that's when it began. melissa: tell me about the health care law. arizona is one of the states kicking it back to the feds. >> when congress enacted the...
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government regulation, has that ever tricked you up? is it more onerous now and how dii you overcome it? >> not really. liz: never a problem? >> government is pretty lax on the fitness industry. there are fitness certifying bodies. we encourage all the instructors to certify american council on exercise and american fitness. it is all good. liz: speaking of struggletores she is here with me on the set. i was a jane fonda. there are billy blanks. there are a million ideas out there. how do you keep i guess, the venture-capitalist monee behind you. you've got millions and millions in vc money when there are ideas coming up from behind? >> the good thing about zumba, we created open source fitness. as long as anybody likes to dance there will be zumba classes. we were born dancing two years old, we start dancing. there is new dances and new moves and new evolution of music. we just incorporated it into zumba. liz: ipo? >> it's, never out of the question but we have one lens that we look through, does it help the instructors. if it helps th
government regulation, has that ever tricked you up? is it more onerous now and how dii you overcome it? >> not really. liz: never a problem? >> government is pretty lax on the fitness industry. there are fitness certifying bodies. we encourage all the instructors to certify american council on exercise and american fitness. it is all good. liz: speaking of struggletores she is here with me on the set. i was a jane fonda. there are billy blanks. there are a million ideas out there....
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not because of government. companies were carved by bacteria simply to protect their brand. competition, device the pipes are reputation, it protects us much better than government over well. that is our show. i am john stossel, thank you for watching. [applause]hour lou: good evening, everybody. a lot has changed in the last 2f hours. to balance the republican author of tax revenue increases. president obama, maintaining a highly believable effort of the white house and congress to resolve differences that would avoid the fiscal cliff. that is $1.2 trillion in automatic budget cuts and $600 billion in tax hikes that would result from the expiratin on december 31, te consequences would simply be devasting. the economic impact on the country and the american people would mean the loss of hundreds of thousands, if not millions of jobs. e very likely onset of yet another recession. the white house timothy geithner on capitol hill today. he went there empty-handed to meet the party leaders. house speaker john boehner who has already offered to raise tax revenue finds himself not
not because of government. companies were carved by bacteria simply to protect their brand. competition, device the pipes are reputation, it protects us much better than government over well. that is our show. i am john stossel, thank you for watching. [applause]hour lou: good evening, everybody. a lot has changed in the last 2f hours. to balance the republican author of tax revenue increases. president obama, maintaining a highly believable effort of the white house and congress to resolve...
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people forget that we have seen revenue of the federal government rise by 26% over the past two years. with those bush tax cuts in place. with that kind of increase in revenue, spending is without question the problem. >> yes, and to talk about raising taxes right now. at the same time, not talk about health care. we had a guest on earlier talking about health care. everyone around the world, and that would mean people from the european union today -- they know that we have to take on health care. the republicans in the house no we have to take on health care. everybody in america that wants to be honest with themselves know that medicare and medicaid @%e not working. we are he said that almost half the states are not going to implement obamacare and it seems like the only people on this planet that don't know that health care has to be on the table and has to be set by the president and the senate. lou: it would be a tragedy if the way in which this president can receive instruction is through a recession and an explosion in unemployment over into the most severe projections of the a
people forget that we have seen revenue of the federal government rise by 26% over the past two years. with those bush tax cuts in place. with that kind of increase in revenue, spending is without question the problem. >> yes, and to talk about raising taxes right now. at the same time, not talk about health care. we had a guest on earlier talking about health care. everyone around the world, and that would mean people from the european union today -- they know that we have to take on...
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the government says drugs are illegal, drugs everywhere, just because the government is going to say now what we're going to limit guns, why do people think that's not going to have the same results? >> we have an extraordinary run-up in the sale of guns this year and especially that black friday record which was stunning. thank you very much indeed. and how is this for economic controversy? baby tourism in california. charging residents in china to stay until their baby is born. and hot topic, we're talking about it and this will be new at ten that's next. ♪ stuart: new at 10:00 o'clock. controversy at a whole. mothers are willing to spend thousands of dollars to have their babies here in america. we will talk to the judge about this in just a couple of minutes. the very big story today is this. you have no idea what taxes you will be paying and 2013. if the white house has its way, it will be all taxes, all the time. the democrats are holding the line on big tax increases. we are talking about that right from the start on this monday morning. it is a go nowhere monday. there is l
the government says drugs are illegal, drugs everywhere, just because the government is going to say now what we're going to limit guns, why do people think that's not going to have the same results? >> we have an extraordinary run-up in the sale of guns this year and especially that black friday record which was stunning. thank you very much indeed. and how is this for economic controversy? baby tourism in california. charging residents in china to stay until their baby is born. and hot...
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we will be cutting back on government spending, and we will be taxing more. that is bearish for the economy at the margin. david: all right. let's hope they do come to some kind of resolution. good to see you, gentlemen. liz: that was a great discussion, guys, thank you. david: well, the debt battle is waging on in d.c. even with most of the house out of town right now. they're gone until next tuesday. we're going to be heading to d.c. for the very latest. liz: choice hotels, known for comfort inns and quality inns is expanding their brand right here in america. why now? we'll ask ceo and president steve joyce about that and moving up the dividend payout to before the end of the year. david: but, first, on fox business the ceo of tmx group, this is the parent of the toronto stock exchange. you've heard about how the banks in the canada avoided a lot of the subprime mess that our banks got into it. well, the banks getting involved directly in the stock market. tom is going to tell us how and whether or not there are some hidden problems for the banking communi
we will be cutting back on government spending, and we will be taxing more. that is bearish for the economy at the margin. david: all right. let's hope they do come to some kind of resolution. good to see you, gentlemen. liz: that was a great discussion, guys, thank you. david: well, the debt battle is waging on in d.c. even with most of the house out of town right now. they're gone until next tuesday. we're going to be heading to d.c. for the very latest. liz: choice hotels, known for comfort...
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the government cannot defy human nature. people will do what is rational in order to preserve their assets. don't want to get into taxation is theft argument but at some point it gets so high that it is like that and that another point it is so uncertain, no one knows to saying at the end of november what the tax rate will be on january 15th, large corporations and even individuals need a plan. stuart: let me raise this one. in november of this year in california they voted for higher tax rates, put up the income tax rate in california, made it retroactive to jan. first. that is a way of not allowing people to adjust their economic behavior to take account of higher tax rates. make it retroactive. judge napolitano: you probably remember this, the first year of clinton's presidency a tie vote resolved by vice president gore to break a tie to raise income taxes retroactively. all kinds of lawsuits filed. can't do that retroactively. can't change criminal law retroactively but you can impose taxes. now the state of picking up o
the government cannot defy human nature. people will do what is rational in order to preserve their assets. don't want to get into taxation is theft argument but at some point it gets so high that it is like that and that another point it is so uncertain, no one knows to saying at the end of november what the tax rate will be on january 15th, large corporations and even individuals need a plan. stuart: let me raise this one. in november of this year in california they voted for higher tax...
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what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve cohen, there is no more remarkable trader out there than this guy. say what you want to about him. if you look at his returns, i think he started in 92, one down here. he is up this year, so far, 10%. that is why the feds are after him. i have been speaking to a lot of people with the fpi. long-term returns, consistent and less volatility. what they do, generally, they look at returns, pretty much steady returns, not a lot of volatility. you look at steve collins return, one down year. you look at warren buffett. he destroys profits over that peri
what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve...
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it funds eight and a half days of government. where's the other 355-days you have to fund? it's a panacea. one thing that's gets people lathered up, we got to get serious and talk about tree balancing our budget. this is not going to do it by what the president says that he wants to do. tracy: not just a deal, but a good one, not just kicking it down the road. thank you for sharing your thoughts. >> you're very welcome. thank you for having me. dennis: auto sales surge, why car dealers tip their hats with sandy, but fear the fiscal cliff. tracy: thiid time the charm for hefner? god love him. getting marrieded gain to a woman 60 years younger. come on, give him a high five for that. dennis: better living through chemicals. the perfect place where he should hold his wedding. getting into the marriage biz. tracy: looking at oil, phil flynn is live at the cme next with the reasons why oil went up, basically, flat now, $18.18 a barrel. we'll be right back. want to try to crack it? yeah, that's the way to do it! now we ne a little bit more... [ male announc ] at humana, we unders
it funds eight and a half days of government. where's the other 355-days you have to fund? it's a panacea. one thing that's gets people lathered up, we got to get serious and talk about tree balancing our budget. this is not going to do it by what the president says that he wants to do. tracy: not just a deal, but a good one, not just kicking it down the road. thank you for sharing your thoughts. >> you're very welcome. thank you for having me. dennis: auto sales surge, why car dealers...